OKX Opens for Investors in the UAE
Date: 2024-10-14 Author: Oliver Abernathy Categories: BUSINESS
Residents of the UAE can use the platform for spot trading, cryptocurrency conversion, as well as for quickly buying and selling digital assets. The company’s press release also noted that institutional and qualified investors will be able to trade derivatives on the platform.
OKX offers over 280 cryptocurrencies and 480 trading pairs, including BTC/AED, ETH/AED, and USDT/AED. The company also announced plans to further expand the list of tokens.
The crypto exchange also announced the appointment of Yuri Mushkin as global chief risk officer. Prior to this, he held senior positions at companies such as Goldman Sachs and McKinsey & Co.
As of October 10, OKX ranks third among crypto exchanges by spot trading volume, with a daily turnover of $1.57 billion. In the derivatives market, the exchange ranks seventh by open interest, which is $5.6 billion. In 2023, OKX began operations in Brazil, and in 2024, it expanded to Turkey, Australia, and the Netherlands.
